DEFINITION of 'Certified Bank Auditor - CBA'
A professional designation awarded by the Bank Administration Institute (BAI) Center for Certification to financial auditing professionals who pass a four-part multiple-choice exam within a three-year eligibility period. Most candidates must also have an undergraduate degree and at least two years of professional bank auditing experience, or a master's degree in business or accountancy plus one year of work experience. Successful applicants earn the right to use the CBA designation with their names, which can improve job opportunities, professional reputation and pay.
BREAKING DOWN 'Certified Bank Auditor - CBA'
Applicants are tested on accounting, auditing principles, bank laws and regulations, and general business principles. Applicants should also be familiar with new industry developments. Every year, CBA professionals must complete 30 hours of continuing professional education and pay a renewal fee to continue using the designation.